DA Davidson Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its price target upped by DA Davidson from $395.00 to $415.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also commented on CRWD. Cantor Fitzgerald restated an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a research note on Wednesday, November 27th. Mizuho lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird dropped their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.10.

CrowdStrike Trading Down 6.3 %

NASDAQ CRWD opened at $365.44 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $90.01 billion, a PE ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike has a one year low of $200.81 and a one year high of $455.59. The firm’s fifty day moving average is $387.84 and its two-hundred day moving average is $338.02.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the transaction, the chief financial officer now directly owns 290,711 shares in the company, valued at $104,115,237.54. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH increased its position in CrowdStrike by 37.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,893 shares during the last quarter. Park Square Financial Group LLC acquired a new position in CrowdStrike during the fourth quarter worth approximately $151,000. Total Wealth Planning & Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth approximately $315,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in CrowdStrike during the fourth quarter worth approximately $59,596,000. Finally, Brooklyn FI LLC acquired a new position in CrowdStrike during the fourth quarter worth approximately $3,927,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.